As the account of the debtor is been closed, what do you with cash book?
Debited
Credited
Not recorded
Neither debited nor credited
Bad debts recovered is treated as a:
Dependent income
Independent income
Dependent loss
Independent loss
Where will the debts be posted in profit and loss account?
Credit
Debit
In the loss side
A bad debt is:
Profit
Loss
Expenditure
Gain
The bad debt is treated in profit and loss account as:
Expense
At the end of the year, a bad debt recovered is treated as :
Loss of the year
Profit of the year
Income of the year
Discount is allowed for:
Written off debts
Doubtful debts
No debts
Creditors
What do we do with provision for bad debts in balance sheet?
Added to debtors account
Deducted from debtors account
Added to creditors account
Deducted from creditors account
At the end of the year, bad debts recovered account is transferred to the bad debts account. This will be:
Reduces the bad debts written off during the year
Not affect at all
Increases the profit
Which word is used as no individual names, dates and amount details have been provided?
Bad debts
Debtors written off
Unpaid amount
